SPX Technologies (NYSE:SPXC) Updates FY 2025 Earnings Guidance

SPX Technologies (NYSE:SPXC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.000-6.250 for the period, compared to the consensus EPS estimate of 6.110. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

SPX Technologies Price Performance

Shares of SPXC traded up $2.75 during trading hours on Tuesday, hitting $136.31. 358,580 shares of the stock were exchanged, compared to its average volume of 299,183. The stock’s 50-day moving average price is $147.29 and its two-hundred day moving average price is $155.62. SPX Technologies has a 12-month low of $107.23 and a 12-month high of $183.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29.

SPX Technologies (NYSE:SPXC) last released its earnings results on Tuesday, February 25th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. Research analysts expect that SPX Technologies will post 5.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wolfe Research initiated coverage on shares of SPX Technologies in a research note on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price on the stock. Sidoti downgraded SPX Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $187.00 to $175.00 in a research note on Friday, December 6th. Finally, UBS Group lowered their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, SPX Technologies presently has an average rating of “Hold” and an average target price of $168.50.

SPX Technologies Company Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.